Saturday, June 19, 2021

business

PTT hails improved performance as economy recovers


PTT Plc's financial performance this year is improving as Thailand and the global economy recover from the impact of Covid-19 last year, said chief executive officer Auttapol Rerkpiboon.

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Recovery following availability of vaccines will spur economic activity and boost oil demand, he said, adding the oil price in 2021 is expected to be more stable than in 2020.

However, economic recovery would be gradual and unstable until everyone was inoculated.

Finance Minister Arkhom Termpittayapaisit expects the Thai economy to expand by 4 to 5 per cent this year.

Auttapol added that logistics could become PTT's new S-Curve business in the future.

The company is conducting a study on the logistics sector after joining hands with the Port Authority of Thailand to study ways to boost efficiency of goods transport at Laem Chabang deep-sea port.

The company's existing S-curve businesses include life science, artificial intelligence (AI) and robotics, as well as digital.

Published : January 26, 2021

By : The Nation